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Bullgeko Review
đź”´ Bullgeko services are questionable – a warning sign!Â
🔴 Bullgeko isn’t licensed – a red flag!
🔴 Bullgeko isn’t transparent – a red flag!
🔴 Bullgeko creates unrealistic expectations – a red flag!
What is Bullgeko?
Bullgeko is an unregulated broker platform similar to Jungle Capital Limited, which we reviewed earlier. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection.
Bullgeko Regulation
They are unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from them!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
Bullgeko Complaints
Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their platform was problematic before they had already signed up. If they shows any of these signs, either avoid them entirely or look very carefully before proceeding:
đź”´ Not regulated
đź”´ High fees and commissions
đź”´ Not enough information on the website
đź”´ Poor communication and refusal to answer questions
đź”´ Pushy manner
đź”´ Keeps mentioning rules and fees that were not outlined in the contract
đź”´ Does not let you withdraw money from your account
Bullgeko Products and Services
They are not safe, and we say so because it’s an unregulated broker. They always promise things they won’t deliver, and Bullgeko makes no exception – they claim that customers can become rich quick, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Bullgeko is a suspected scam you should avoid! Beware!
Bullgeko Customer Support
Bullgeko allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With Bullgeko?
With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
Bullgeko does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
Bullgeko Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
đź”´ Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
đź”´ Cease communication. They may be evasive or simply not communicate at all.
If Bullgeko is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.
Bullgeko Review: our Conclusion!
Bullgeko is an unregulated platform to avoid. Their methods for investment are unreliable.
If you have been scammed, feel free to leave a comment or if you wish to arrange a free consultation with our professionals, do not hesitate to submit your complaint by clicking the button bellow.
ℹ️ Bullgeko Details
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🖥️ Website URL : www.bullgeko.com
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⚖️ Regulation : Offshore Broker
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đź’° Leverage : N/A
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🧠Headquarters : Marshall Islands
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đź’ł Minimum Deposit : N/A
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⚠️ 25/10/2022 : Ontario Securities Commission Warned Against BullGeko
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🚨 03/02/2023 : Alberta Securities Commission Warned Against Bullgeko
🚨 Bullgeko not paying? Share your experience and get help
đź“‹ Fill out the form here and get a free consultation today.
I initially invested $250 USD with Bullgeko. Once I had done that I was contacted by one of their brokers, (Cristian Ronald). He told that he was going to invest it and purchased crypto on my behalf using my $250. At the end of the day I made $30 profit with I was quite happy with. He then called me the next day and said that if I were to deposit more money he could make more of a return for me. I proceeded to transfer an additional $500 USD, and that day made an additional $100. The next day went buy and I did not here from Cristian, but my account showed that I made and additional $60. After a few days Cristian called me and said that we should take some of the profits out of my account and transfer them over to my crypto account. I transferred $100. The next day he called me, and this is when the pressure started. He began to explain to me that the 1st Friday of the month they can trade in US Forex, and that I should take the opportunity to trade some of my money myself. I said well you can take the money that I have in the bullgeko account and use that to trade with. He told me that that won’t be enough to buy a share and that I needed to deposit an additional 7k USD. I told him that I do not have this kind of money and I have mortgage payments coming out soon. He then assured my that once I have put the money into the account that the trade will be made that day and I would be able to withdraw the money the next day. He kept reassuring me that the money is liquid and I can withdraw whenever I wanted. I took money out of our bank account $7000 USD and transferred it to my bullgeko account. He then “supposedly” invested it and made 2K profit. Next day I sent a request to withdraw 5k, Cristian called me and said that he currently has my money in the market for investment so If I can wait a few more days and I will be able to withdraw my money and still have made some additional money from investments. I agreed under the condition that must be able to withdraw on Friday. When Friday morning came I put a request in too withdraw the 5000USD. This is when things went down hill. Cristian called me later in the afternoon and was all excited about something. He told me that there is a great investment opportunity in platinum and he was going to make me some good money. I told him honestly that I don’t relay care as I need the 5k that I requested and why has he cancelled the withdraw. This is when I realised that the money in my account is not liquid as guarantied, but every transaction has to go through him and that only he can approve my withdraws. He continued to pressure me into making this investment an told me that I can immediately withdrawal my funds as soon as the transaction has been made. I then agreed with the promise that I would be able to immediately withdraw my money after he has made the transaction. He then told me that I need 50,000 US in order to make this trade. I said there is no way I can make up 50,000 US and that I will never have access to that kind of money. He then told me not to worry about it as he is going to provide as a bonus of 50,000 US into my account and once the trade has been done I can then use the money from the initial investment to pay back and keep any of the profit made from the investment itself. He then went ahead and invested the 50,000 US That he had placed in my account. Moments later he wanted to connect with me through any desk program to show me the profit I had just made. From what he had shown me on the statement I had made 16,000 US in profit. When he had shown me this at first I was very happy thinking that’s fantastic I just made 16,000 in profit so I actually thanked him for doing this for me. I then asked him that I really need that $5000 which I had made a withdrawal request for previously, to be sent to me as I was now in a financial situation where I did not have enough money to pay for my mortgage. He then told me that he will transfer the 5000 to me as soon as I pay the 50,000 US which they had placed in my account in order to make the last transaction. I said I have more than enough of a balance in my Bullgecko account to pay back the 50,000, so just take the money out of that account. He then told me I was not allowed to withdraw any money until I have transferred the 50,000 U S into my account in order to cover the bonus money which they had placed in there. I said I do not understand since he had assured me that I will be able to withdraw my 5000 immediately, and to his reply said to me that, yes I will be able to withdraw my $5000 as soon as I pay them back to $50,000 which I now owed them. I continued to argue the point that I have close to 130,000 US in my Bullgeko account and why the money is not being taken out from there. He continued to argue with me saying that they are not allowed to do that and that I must pay them back the 50,000 before they release any funds to me from my Bullgeko account. At this point, this is when I realized that I’ve been taken advantage of and then I will never see any of my money that I have already deposited with Bullgeko
This also happened to me $118,000.00 invested and want another $50,000 to release my portfolio of $ 278,803.00 USD.
Sound similar. Gave them their requested $250. Next day they wanted $5000US as Apple was going up. Through discussion with Alex Smith I did NOT further invest, rather read comments on line in regard to this outfit, and I feel they are a Scam.
Don’t get involved.
My account is supposedly sitting at $98,100 US dollars which, if it was real, would be fantastic having only put in $280 initially. They told me that nobody had ever made this much money so quickly before. It would have been very exciting except that I was sceptical all the way through my trading with them, however, I was having fun with it anyway.
They’d already deducted tens of thousands of dollars in commissions but required a further $15,000 in commission before I could withdraw the money.
Like others, I have told them to deduct the fee from what’s owing only to be told that they can’t do this.
Very confident that any further funds put into this company will never be returned to me.
They are very skilled and convincing people, really nice to talk to but change quickly if you don’t play their game.
Fortunately I only put in $280 which I will never see again along with the $98,100 of supposed gains, but it was a relatively cheap lesson learned and an interesting journey.
Don’t even waste your time talking to these people, let alone your money.